Re: Strength of the Trend Indicator.

[rghstocks@xxxxxxx]

I will admit I'm far from being a good code writer.  I read an article on the TSI indicator and wrote it from the description.  It's slightly different from the one just posted.  It is one of my major indicators that I watch.  Sounds crazy, but it works extremely well on one minute charts. (A little haphazard in the format below.  I kept changing it a little and never put it in order.  But it works)
Good Luck,
Randy

inputs: OverBought( 25 ), OverSold( -25 ),
length(25), length1(13), Length3(7);

Value3 = 100 * (XAverage(XAverage( (close - close[1]), Length ), length1));
Value4 = (XAverage(XAverage( AbsValue(close - close[1]), Length ), length1)) ;
Value1 = Iff(Value3 =0,0, Value3 / Value4); 
Plot1( Value1, "TSI" ) ;
Value5 = XAverage(XAverage( (close - close[1]), Length ), length1);
Value6 = XAverage(XAverage( AbsValue(close - close[1]), Length ), length1);
Value2 = XAverage(100 *Iff(value5=0,0, Value5 / Value6), Length3);
Plot4( Value2, "2PlotInd-2" ) ;
Plot2( OverBought, "OverBought" ) ;
Plot3( OverSold, "OverSold" ) ;